NGM raises the bar and increases its market share
Nordic Growth Market continues to increase the total trade turnover for Nordic Derivatives Exchange (NDX), the segment for investment products, Today, NGM has about 88 percent of the market in the segment.
NGM generated a total turnover of close to 4.7 billion SEK (513 million Euro) for May 2014, based on NGM’s three markets Sweden, Finland and Norway. NDX Sweden reports a total trade turnover exceeding 4.1 billion SEK for May. The result for the period January to May means an increase of about 45 percent compared to the same period last year. NDX Finland reports an increase as well; a 40 percent increase compared to the same period 2013.
- We have worked hard to build up the NDX-segment with the vision to offer a trading system that is cutting edge and adapted to our customers’ needs. I´m glad that our customers appreciate it and that they choose our system. We continue to increase our market shares and have about 88 percent of the market in Sweden, compared to 78 percent in 2013. The base is set, now we will focus on further developments, says Tommy Fransson, Vice President of NGM.
NGM listed equities reached a total turnover of 104 million SEK out of which NGM Equity accounted for 57 million SEK and Nordic MTF accounted for 47 million SEK. In comparison to May 2013, the turnover for NGM listed equities has increased with 11 percent. So far this year NGM listed equities has increased its total turnover by 57 percent compared to the same period last year.
Notes: For table, see attached file. Exchange rate for April 30, 2014: EUR/SEK: 9.11822, EUR/NOK: 8.14416
|Monthly Statistics 2014|
For further information, please contact:
Tommy Fransson, Vice President, NGM
Phone: +46(0)8 566 390 49
Nordic Growth Market (NGM) is an authorized Exchange operating in Sweden, Norway and Finland. The company was founded in 1999 and is today a wholly-owned subsidiary of Börse Stuttgart, the leading retail exchange in Germany. NGM offers a complete marketplace for investment products and an arena for companies aiming for listing. At NGM, our customers get the opportunity to reach their full potential.